Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$459,423$459,423$1,057,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$598,077$0
Funding fee$2,297$2,297$0
Note rate2.250%2.250%7.400%
Blended rate2.250%5.361%7.640%
1st payment$1,794.94$1,794.94$7,321.92
2nd payment$0.00$3,862.58$0.00
Taxes / mo$351.17$351.17$351.17
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$211.50
HOA / mo$13.75$13.75$13.75
Total monthly$2,159.86$6,022.44$7,898.33
Cash to close$715,577$117,500$117,500